Hood River Capital Management LLC Acquires New Position in Community Health Systems, Inc. (NYSE:CYH)

Hood River Capital Management LLC acquired a new stake in shares of Community Health Systems, Inc. (NYSE:CYH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 234,800 shares of the company’s stock, valued at approximately $789,000. Hood River Capital Management LLC owned 0.17% of Community Health Systems as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CYH. nVerses Capital LLC acquired a new position in Community Health Systems during the second quarter worth approximately $25,000. DekaBank Deutsche Girozentrale acquired a new position in Community Health Systems during the second quarter worth approximately $33,000. Eagle Asset Management Inc. acquired a new position in Community Health Systems during the fourth quarter worth approximately $40,000. Canada Pension Plan Investment Board acquired a new position in Community Health Systems during the second quarter worth approximately $45,000. Finally, RPO LLC acquired a new stake in shares of Community Health Systems in the fourth quarter worth $75,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Community Health Systems Price Performance

NYSE CYH opened at $5.92 on Tuesday. Community Health Systems, Inc. has a 12 month low of $2.01 and a 12 month high of $5.98. The company has a market capitalization of $821.98 million, a price-to-earnings ratio of -6.23 and a beta of 1.56. The company’s fifty day moving average price is $5.08 and its two-hundred day moving average price is $3.96.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business earned ($0.22) EPS. Community Health Systems’s revenue was up .8% compared to the same quarter last year. As a group, analysts anticipate that Community Health Systems, Inc. will post -0.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Wells Fargo & Company increased their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Oppenheimer increased their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Monday, August 12th. Finally, Truist Financial upped their target price on shares of Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research note on Monday, July 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.73.

Community Health Systems Company Profile

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.